Cheers Mates,
As it can proof to be profitable in the short term to flip the right ICOs, it is essential to know what works and what doesn't.
To me the most important indicator for a probable flipping candidate is the combination of
great hype and
low hard cap .
Whereas, it can be relatively easy to determine the hard cap of an ICO (icodrops.com - or better, the whitepaper) - unless they decide to change it in the course of the ICO - the measurement of hype on the other hand can be quite a challenge to identify.
So far checking their twitter, telegram (facebook not so much in my experience) and last but not least, the respective thread in this forum has prooven to be quite reliable. However, lately it has become a trend to force people in the telegram and twitter realm in the channels for the purpose of free airdrops (which is what a lot of people are after - not more), which
waters down the reliability of the amount of followers as a hype indicator.
Also, Twitter slowly
begins to tackle crypto-related activities on its platform, potentially erasing it as an indicator (e.g. :
https://www.coindesk.com/twitter-pledges-action-crypto-scams-account-shadow-bans/ [
a lot of thought leaders getting blocked])
These aspects make an estimation of the actual hype around a project increasingly more difficult.
If someone can think of an indicator I overlooked or the solution to one of these problems, I'd appreciate pushing me in the right direction.
Have a good one.